India, March 24 -- The United Forum of Bank Unions (UFBU),which represents over eight lakh bank employees in nine unions across India, had announced a two-day nationwide strike earlier this week, to call for changes in the banking sector.

However, after a consultation between the chief labour commissioner and all the concerned parties on Friday, the strike was deferred, reported news agency PTI.

The Centre vowed to look into the demands made by bank employees, due to which the strike scheduled for Monday was cancelled. A new date for the strike or an update on the government's actions regarding the banking collective's demands has not been decided yet.

With the strike having been deferred, banks are expected to operate normally on Mond...